You didn't read through all his posts. He put his kids through college from trading profits. The $37K is his play account. You try pay for your kids' college expenses from your McDonald's minimal wage and put food on the table, pay mortgage, car payment....
People can say anything. lol he stated yesterday, “nonlinearity of theta” because the guy had a 5/1 ratio bull spread that bailed him out of a $1200 loss.
His Sweetness has said ALOT of things..As for having put his kids thru college on trading profit,that's not what he said Correct, this is an overall income strategy that sends Sweet Bobby’s kids to college when the market crashes!
Booby the arbitrageur. Doesn't understand thetazzz. Dude, theta had nothing to do with your 5/1 gains. Nothing.
$100,000 paper money account on Thinkorswim platform. No additional resets or added contributions allowed. 120 Day Contest Winner is the one with the highest net liq after 120 days Loser pays the winner the excess above $100k that the winner has in his account So, if I have $149k in my account, and you have $73k in your account (or less), you pay me $49k. Peace!
Poopy, you are still an idiot. You can't even calculate the profit on my trades correctly. I had zero theta decay in the portfolio this week. You said I made $1,500 on the condor. Not at all. My net profit was under $400. Listen, I get it. You trade your family money. Good for you. I'm sure they forgive you for losing a lot of their money. Maybe you will still have some left over to inherit. I doubt you've ever contributed anything towards your own net worth. It's still clear that you have no concept of theta. It's not coming out of my account man! Wanna wager as to how much theta loss I have during the upcoming week? My current theta is -289.15!!!!!!! There will be NO theta decay in the coming week!
Sorry if I put words in his mouth: I figured since the market did crash, he hit the jackpot so made enough to send his kids through college. My bad. I should stay on topic and try to figure out the best strategy for hedging a naked put in case of a black swan.
Dear Moron, YOU posted your gamma loan of -350. That's it. You stated the gains were from "nonlinearity of theta" which is manifestly-retarded. Your var to theta is less than $100 locally. Look back to your closing theta value on Wednesday... ask yourself how your -theta resulted in a $1500 gain directly attributable to your 5/1 condor. *IT DID NOT* Your variance to theta could not account for it if you had been holding 100 lots. Your variance to theta was less than $100 on your portfolio over the stat-vol seen from Wed to Thursday. You earned on the 5/1 condor due to delta pos and the vol-drop related to the Jobs report. You're are literally too stupid to debate. Theta, lol. Dunning Kruger exists solely to explain your stupidity. ========================= BTW, I am up $9MM organically over the last three years... starting with $5MM. Account number shown. https://www.elitetrader.com/et/threads/dests-everything-journal.332136/page-11#post-4859112 https://www.elitetrader.com/et/threads/dests-everything-journal.332136/page-13#post-4861667